Kallanish

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact.

China was again one of …

Fitch Solutions expects global automotive production to decline -11.5% on-year in 2020 as a result of Covid-19-related lockdown measures and supply chain disruption.

The current crisis has hit the industry harder than the 2008/09 global financial crash. “Even back in the global financial crisis the industry could still operate, so …

Green” steelmaking was a key theme of this week’s Bureau of International Recycling (BIR) ferrous webinar.

Renate Featherstone, principal analyst – multi-commodity research at Wood Mackenzie, explained that steelmaking accounts for as much as 10% of global carbon emissions. Producers are therefore under mounting pressure to adopt an environmentally cleaner approach.

The World Steel Association has issued its outlook for steel apparent demand, indicating that this year global demand will fall by -6.4% year-on-year, before recovering 3.8% y-o-y in 2021.

The outlook was postponed by the association due to the uncertainties created by the Covid-19 outbreak. “The COVID-19 crisis, with its …